Authors

Jonathan Baird

Publication Date

9-30-2011

Category

Economic Development

Abstract

The City of Buffalo holds an annual foreclosure auction to collect on delinquent taxes and fees owed by its residents. This is a way for the City to raise revenue that would otherwise go unpaid and for Buffalo citizens to buy buildings and lots at bargain prices. But the foreclosure process is imposing a high cost upon some of Buffalo’s most vulnerable citizens, creating an unnecessary burden on people trying to stay in their homes, and adding to the already existing epidemic of housing abandonment and blight.

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